Salem, NC Real Estate
According to census data in the year 2000 there were 1,028 housing units in Salem.
This represents a 8.3% growth from 949 in 1990.
Of those housing units, 737 were located in either urbanized areas or urban clusters, and 291 were located in what is classified as a rural area.
Homeownership rate in Salem is about 69.4%.
Salem's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Salem were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.60% |
| Two Bedrooms | 43.40% |
| Three Bedrooms | 47.50% |
| Four Bedrooms | 4% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $96,600 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 13.60% |
| Simple Mortgage | 36.10% |
| Debt Free | 46.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
